Buyer Q & A: What Type Of Loan Do I Qualify For? Let's Look At FHA
By Debbie Malone, From Lynchburg To The Lake (434) 546-0369
(Londeree's Real Estate & Property Management)
There are several loan options available to home buyers and your lender will be able to explain and review each program with you. THIS IS A SIMPLIFIED overview of the FHA program for you to consider. PLEASE VIEW THE VIDEO I'VE INCLUDED ON THE FHA PROGRAM. The Dept of Housing and Urban Development oversees the Federal Housing Administration. An FHA loan is one that is insured by the government and the program helps first time buyers who otherwise may not qualify for a loan. Whether you're a first time home buyer, a move up buyer or are refinancing, FHA allows you to purchase a home with a low down payment and flexible fha guidelines. No income limits or credit scoring, as long as you have reasonable credit many buyers will qualify for an FHA loan. Getting pre-qualified is the first ...